Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 08 - Securities
Article 4 - "Regulation D" Registration and Notice Procedure
3 AAC 08.520 - Limitations on manner of offering
Universal Citation: 3 AK Admin Code 08.520
Current through February 24, 2025
(a) An issuer or person acting on behalf of an issuer may not offer or sell securities registered under 3 AAC 08.500 - 3 AAC 08.540 by general solicitation or general advertising. For purposes of this subsection, general solicitation or general advertising includes
(1) an advertisement,
aiticle, notice, or other communication published in a newspaper, magazine, or
similar medium, broadcast over television or radio, or available on an
unrestricted, publicly accessible website; and
(2) a seminar or meeting to which attendees
are invited by general solicitation or general advertising.
(b) The administrator will, in the administrator's discretion, waive or conditionally waive the provisions of (a) of this section. To request a waiver, the registrant must
(1) file a request for waiver;
(2) provide the advertising materials or an
adequate description of the advertising materials and identify the media that
will be used;
(3) state the reasons
for requesting the waiver and show that purchasers are otherwise protected;
and
(4) provide an attorney's
opinion that the proposed use of the advertising will not invalidate the
offering under the laws or regulations of any federal or state regulatory
agencies having securities jurisdiction over the offering.
Authority:AS 45.55.110
AS 45.55.950
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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